Tamijuddin Textile’s profit jumps 222pc

Tamijuddin Textile Mills Limited clocked 220 per cent higher profit in the last financial year. 

The textile manufacturer made a profit of Tk 19.87 crore in 2021-22, which was Tk 6.16 crore a year earlier. 

The company reported earnings per share of Tk 6.61 for the year that ended on June 30, which was Tk 2.05 a year earlier.

"The EPS increased owing to the higher rates of yarn as well as the increase in sales volume compared to the previous year," said the company in a filing on the Dhaka Stock Exchange (DSE) yesterday.

Net asset value per share increased to Tk 87.02 in 2021-22 compared to Tk 82.30 in 2020-21.

Net operating cash flow per share surged to Tk 10.26 from Tk 4.03 during the 12-month period.

The NOCFPS has gone up on the back of an increased collection from customers and a significant decrease in receivables compared to 2020-21, said Tamijuddin Textile.

The board of directors has recommended a 30 per cent cash dividend for 2021-22.

Shares of Tamijuddin Textile closed 1.19 per cent higher on the DSE yesterday.